Smart Energy Sweden Group AB (publ) announced a private placement of minimum of 2,786,232 and the maximum 9,287,440 shares on September 18, 2015. The transaction will involve sole participation from new investor GEM Global Yield Fund, L.P., a fund managed by Global Emerging Markets Limited. The company will decide the issue price after 15 trading day average closing price minus 10% discount, starting from September 17, 2015.

The transaction has been approved by the board of directors of the company.